Luxury Linens Inc. designs and sells premium bed linens. In 2024, the company reported revenue of $7 million, a cost of goods sold of $3.5 million, and operating expenses of $2 million. Total assets were $9 million, and total liabilities were $4 million.
oCompute the gross profit margin.
oCalculate the return on equity (ROE).
oDetermine the equity multiplier.